Investing in the Middle Class
Yesterday, the Minister of Finance, the Honourable Bill Morneau tabled Budget 2019. Nearly four years ago, Canadians helped us build a plan for real change.
A plan that would invest in the things that matter most: good well-paying jobs for the middle class; more help for families struggling with the high cost of living: strong, connected communities; and better opportunities for our children and grandchildren.
In 2015, Canadians chose to invest in their future and in the years since those investments have begun to pay off. In 2019, a typical middle class family of four will receive, on average, about $2,000 more in support than they did in 2015, thanks to the middle class tax cut and the Canada Child Benefit.
Under our government’s economic plan, Canadians have created over 900,000 new jobs – the vast majority of which have been full time – driving the unemployment rate to its lowest in more than 40 years.
However, for all the progress made, many Canadians still worry about the future – about their ability to spend on what is important now while saving for their families. High housing costs, mounting household debt, a rapidly changing job market, and the steady erosion of things that used to offer a sense of security – like employer sponsored pension plans – are adding to the sense of uncertainty.
Across the country, Canadians of all backgrounds want to be assured that the government is doing all it can to make sure that the promise of progress endures – creating new jobs and more opportunities; and building a country where more housing is affordable, where climate change is taken seriously, where new Canadians are welcomed and supported, and where reconciliation with Indigenous Peoples continues to move forward.
While it is clear that there is much more work to be done, our government’s efforts to build an economy that works for everyone have delivered promising results.
Building off of our government’s successes of the last four years, Budget 2019 is about continuing to make a real difference in the lives of Canadians today and into the future. It responds to Canadians concerns and underscores the fact that for all the progress that has been made, more hard work lies ahead.
Budget 2019 gives people the help they need to succeed today, and offers hope for a brighter tomorrow – one where people have the security and the skills they need to meet whatever change comes their way.
In this newsletter, you will find some of the highlights of Budget 2019. I encourage you to take a look and feel free to contact my office if you have any questions.
To read the budget, in full, please click here.
To read more of Minister Gould’s newsletter, please click here.